Aditya Chakrabortty writes in The Guardian about the Shard, a titanic building that already towers above London, and explains how it is a microcosm for everything that's wrong with the world today:
So one of London's most identifiable buildings will have almost nothing to do with the city itself. Even the office space rented out at the bottom is intended for hedge funds and financiers wanting more elbow room than they can afford in the City or Mayfair. The only working-class Londoners will presumably bus in at night from the outskirts to clean the bins. Otherwise, to all intents and purposes, this will be the Tower of the 1%.
Perhaps the most remarkable thing about the Shard is that it simply exemplifies a number of trends. First, it merely confirms how far the core of London is becoming, in industrial terms, a one-horse town. Finance, which began in the Square Mile, has now spread to Docklands to the east, to Mayfair in the west and now to the South Bank.
Second, it proves that buildings are no longer merely premises owned by businesses, but are now chips for investment. What's more those chips are increasingly owned by people who barely ever set foot in the country. A study from Cambridge University last year, Who Owns the City?, found that 52% of the City's offices are now in the hands of foreign investors – up from just 8% in 1980. What's more, foreigners are piling into London property at an ever-increasing rate, as they look for relatively safe havens from the global financial turmoil. And yet, as the Cambridge team point out, the giddy combination of overseas cash and heavy borrowing leaves London in a very precarious position. Another credit crunch, or a meltdown elsewhere in the world, would now almost certainly have big knock-on effects in the capital.
The Shard is the perfect metaphor for modern London
(Image: Shard from the Hostel, a Creative Commons Attribution (2.0) image from tolomea's photostream)
Eye-Fi makes clever wifi hotspots in the shape of SD cards; your camera sees them as SD cards but you can mount them on your network and automatically feed the images captured by your camera to a nearby laptop. But to make all this work with some models, you need an account on “Eye-Fi Center,” […]
Singaporeans are the most prolific speculators on UK commercial property, and the United Overseas Bank is the most prolific lender to Singaporeans who want to speculate in that market — and now they’re turning off the faucet.
June’s Decentralized Web Summit at San Francisco’s Internet Archive was a ground-breaking, three-day combination of workshops, lectures, demos and a hackathon, all aimed at figuring out how to restore the decentralized character of the early internet — and keep it that way.
The realm of web development is constantly evolving. New platforms, languages, and processes materialize all the time, so staying on top of all that innovation is a tall order.Whether you’re brushing up on new tricks, starting from scratch, or just looking to make your own website a little jazzier, Rob Percival’s new Complete Web Developer Course 2.0 (now […]
Folks used to rely on alarms to protect their home – and before that, the family dog. Now, anyone looking to guard their homes can choose from some high-tech options, including the Amaryllo iCamPRO FHD Home Security Camera (now just $219 in the Boing Boing Store).In fact, this 2015 CES “Best of Innovation” award-winner boasts so many features, it’s […]
If you want a quality vaping experience, it’s usually going to cost you. Vaporizers that deliver a fast, controlled burn will set you back up to $300, which is why the FEZ Vaporizer (now just $99) is an absolute steal.The FEZ dry herb pen does everything that more expensive models handle at a reduced price. It heats up […]